PTC Inc. (NASDAQ:PTC) Director Sells $96,739.66 in Stock

PTC Inc. (NASDAQ:PTC - Get Free Report) Director Corinna Lathan sold 622 shares of the stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $155.53, for a total value of $96,739.66. Following the completion of the sale, the director now owns 7,604 shares of the company's stock, valued at approximately $1,182,650.12. This trade represents a 7.56 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

PTC Stock Performance

NASDAQ:PTC traded down $0.06 during trading hours on Friday, reaching $159.84. 1,544,322 shares of the stock were exchanged, compared to its average volume of 820,378. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.32. The firm has a 50 day simple moving average of $172.37 and a 200-day simple moving average of $181.30. PTC Inc. has a 52 week low of $151.80 and a 52 week high of $203.09. The stock has a market capitalization of $19.23 billion, a P/E ratio of 49.33, a P/E/G ratio of 2.27 and a beta of 1.22.

PTC (NASDAQ:PTC - Get Free Report) last released its earnings results on Wednesday, February 5th. The technology company reported $0.79 EPS for the quarter, missing analysts' consensus estimates of $0.91 by ($0.12). PTC had a return on equity of 14.49% and a net margin of 16.95%. As a group, sell-side analysts forecast that PTC Inc. will post 4.46 earnings per share for the current fiscal year.

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Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. increased their target price on PTC from $200.00 to $210.00 and gave the company an "overweight" rating in a research note on Monday, December 2nd. Rosenblatt Securities restated a "buy" rating and set a $204.00 price objective on shares of PTC in a research note on Tuesday, February 4th. Stifel Nicolaus raised their price objective on PTC from $200.00 to $230.00 and gave the company a "buy" rating in a research note on Wednesday, December 18th. Citigroup lowered their price objective on PTC from $200.00 to $195.00 and set a "neutral" rating for the company in a research note on Wednesday, February 5th. Finally, StockNews.com lowered PTC from a "buy" rating to a "hold" rating in a research note on Monday, March 17th. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $210.09.

Institutional Trading of PTC

Hedge funds have recently made changes to their positions in the stock. Mirabella Financial Services LLP lifted its holdings in shares of PTC by 542.2% in the 3rd quarter. Mirabella Financial Services LLP now owns 20,686 shares of the technology company's stock worth $3,640,000 after purchasing an additional 17,465 shares during the last quarter. D1 Capital Partners L.P. bought a new stake in shares of PTC in the 3rd quarter worth approximately $84,549,000. Citigroup Inc. lifted its holdings in shares of PTC by 28.4% in the 3rd quarter. Citigroup Inc. now owns 149,293 shares of the technology company's stock worth $26,971,000 after purchasing an additional 32,984 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich lifted its holdings in shares of PTC by 5.0% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 208,199 shares of the technology company's stock worth $39,212,000 after purchasing an additional 9,893 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of PTC by 33.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 537,989 shares of the technology company's stock worth $97,193,000 after purchasing an additional 135,677 shares during the last quarter. Institutional investors own 95.14% of the company's stock.

About PTC

PTC Inc operates as software company in the Americas, Europe, and the Asia Pacific. The company provides Windchill, a suite that manages all aspects of the product development lifecycle(PLM) that provides real-time information sharing, dynamic data visualization, collaborate across geographically distributed teams, and enabling manufacturers to elevate product development, manufacturing, and field service processes; ThingWorx, a platform for Industrial Internet of Things; ServiceMax, a field service management solutions enable companies to asset uptime with optimized in-person and remote service and technician productivity with mobile tools.